Thanks to the media everybody now knows about the NPS. At the end of training sessions people do ask…’Is the NPS suitable for me?”. Well that is a difficult question to answer. Let me tell you for whom NPS is not suitable at all! If you are young: If you are below the age of […]
There are many questions being asked about the sebi vs. irda battle. If the fees paid to sebi / irda depends on the assets size, then it is obvious that both of them want a part of the wealth management pie. To most observers it was clear even in 2003-4 that by 2010-11 the assets […]
What ails the life insurance industry today? Well the biggest worry is lapsation. They have other worries too – like the Swarup committee report, the small ticket size, the poor public image, the lack of communication skills in the sales force…but clearly the biggest worry is lapsation. It beats me completely as to how an […]
There was an amazing news item now. Mr. D Swaroop said Rs. 15,000 crores was paid as commission to the insurance distributors, so they have decided to eliminate commissions. Fantastic idea, should be immediately implemented! Vow! So the investors save Rs. 15,000 crores. A quick calculation showed that the insurance companies paid Rs. 22,000 crores […]
India now has a pension scheme which is open to all its citizens, has an element of equity, and is expected to work wonders for all of us. Let us see some of the features….. Any Indian citizen between 18 and 55 years can join the National Pension scheme launched by the Government of India […]